Luminate Bank in Michigan vs the state
4.7%Denial rate-13.78 pts vs state
6.6%Decision denial rate-16.01 pts vs state
66.8%Origination rate+6.95 pts vs state
6.99%Median rate+0.24 pts vs state
0.56Rate spread (pts)+0.16 pts vs state
$130kMedian applicant income
127Loans originated
9Denied
What Luminate Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Luminate Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oakland County | 48 | 38 | 0 | 0.0% |
| Wayne County | 35 | 28 | 1 | 2.9% |
| Macomb County | 33 | 22 | 3 | 9.1% |
| Allegan County | 10 | 6 | 0 | 0.0% |
| Kent County | 10 | 5 | 1 | 10.0% |
| Washtenaw County | 5 | 3 | 0 | 0.0% |
| Monroe County | 5 | 0 | 2 | 40.0% |
| Kalamazoo County | 4 | 2 | 0 | 0.0% |
| St. Clair County | 4 | 2 | 0 | 0.0% |
| Benzie County | 3 | 2 | 0 | 0.0% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 190 applications in 2025, of which 127 were originated and 9 denied.
4.7% of all applications, or 6.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Luminate Bank originated in Michigan in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are Luminate Bank's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology